Supervalu Inc (SVU) $11.50 +1.95%
Bearish activity detected in Supervalu (SVU), with 10360 puts trading, or 6x the recent avg daily put volume in the name. The action includes a buyer of 6000 Aug 11 puts at an average of 47.5 cents. Looks opening and implied volatility is up 15 percent to 52 ahead of earnings, tomorrow morning.
Category: All Stocks, Mid Cap Stocks, Retail
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
